Bitcoin mining.

[Bitcoin]

Bitcoin basics: What is the difficulty target and how does it adjust itself?|7:12

[Bitcoin]

Bitcoin mining Blues.
The majority owner of CryptoWatt, Matthew Goettsche, was indicted on December 5, 2019, as being part of a cryptocurrency investment scam reportedly worth $722 million. The scam was not associated with CryptoWatt at all, but his imprisonment shut down the company's finances. The result was that the mining operation was shut down.
However, Kevin Washington, a minority stakeholder, and Rick Tabish, who supervised the management and construction of the plant, filed civil lawsuits against Goettsche. The two were eventually able to get a federal district judge to appoint a receiver to manage the company's affairs.
It took two months, but the pair were able to pay off the power bill and once again fire up the 35,525 Bitcoin mining rigs. However, they did get a little lucky. When negotiating with the power company over the cost of the 65 megawatts needed to power the mining rigs, Tabish managed to get a rate that was 25 percent less than what CryptoWatt had been previously paying.
Tabish and Washington are now working on raising $45 million to upgrade the plant with more productive and efficient servers. The reason is that the Bitcoin "halving" event is coming in May, and the two know that they will need the latest and greatest equipment to keep profitable.

[Bitcoin]

Crypto Mining Difficulty 101 - Everything You Need to Know|18:40

[Bitcoin]

Investment Scam.
As for Matthew Goettsche, he and four others were charged by federal prosecutors with conspiracy to commit wire fraud for their part in the BitClub Network. Authorities allege that the BitClub Network was a scam that sold shares in non-existent Bitcoin mining pools to investors.
The defendants allegedly used false and misleading figures to lure investors into the scheme, as well as using rewards to get the investors to bring more people into the scam. The defendants managed to scam a total of at least $722 million from their victims between April 2014 and December 2019.
Goettsche was denied bail, and one suspect in the criminal operation is still at large.
Time Frame BTC Reward Revenue USD* Power Cost (in USD) Pool Fees (in USD) Profit (in USD) Hourly 0.00003275 $0.61 $0.16 $0.00 $0.45 Daily 0.00078595 $14.74 $3.90 $0.00 $10.84 Weekly 0.00550162 $103.15 $27.30 $0.00 $75.85 Monthly 0.0236 $442.06 $117.00 $0.00 $325.06 Annually 0.2869 $5,378.39 $1,423.50 $0.00 $3,954.89.
* Bitcoin Price at $18,748.50 USD.
Bitcoin mining Difficulty Bitcoin Block Reward Bitcoin Price 17,596,801,059,571.00 6.25 BTC $18,748.50 (BTC to USD) Bitcoin mining Hashrate Bitcoin mining Hardware Watts Bitcoin mining Hardware Cost Electricity Costs 110.00 TH/s 3,250 Watts $2,407.00 $0.05 per kWh.
A BTC mining difficulty of 17,596,801,059,571.00, a BTC mining hashrate of 110.00 TH/s consuming 3,250 watts of power at $0.05 per kWh, and a block reward of 6.25 BTC at $18,748.50 (BTC to USD).
Disclosure: The Profit Details are the result of a chosen budget of $ 10,000.00 to purchase Bitcoin mining servers that are hashing 76 TH/s at a price of $ 25 per terahash. This assumes a total hashrate of 400.00 . The Profit Details also take in consideration the current network hash rate of 1.7596801059571E13 and current BTC/USD exchange rate of 1 BTC = $ 18,765.63 . These figures vary based on the total network hash rate and on the BTC to USD conversion rate. Block reward is fixed at 6.25 BTC. The Profit Details do not take into account any future changes in block rewards, hashrate and difficulty rate. All inputs in this calculator vary over time. The profit details is based on current values only and should be used as a guide only.

[Bitcoin]

BTC Mining URL.
BTC mining URL includes two types:
1) General Mining URL: if you use general mining URL, it means the pool will allocate a mining url of a node that is most close to your miners, which can save you energy to manually select mining node;
2) Mining URL of Different Node: BTC now has three mining nodes, including North China (Beijing) and US. You can select one mining url that is most close to your miners.
1）General Mining URL：
2）Mining URL of Different Node：
Beijing Node.
Chengdu Node.
Virginia Node.
Frankfurt Node.
Note: Mining URL with 443 port is recommended.
Bitcoin mining pool url.
Here you need to know 3 steps about how Bitcoin mining works, And how to earn free Bitcoin.
There is no need to sign up for starting the mining process, just enter BTC address and start mining.
After entering BTC address successfully your mining process is start automatically without any investment.
Miners can withdraw their earning balance after reaching minimum threshold of 0.001 BTC.
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Bitcoin to.
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Quick view earnings dashboard.
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Bitcoin Cloud Mining Pool & It's Benefits.
Bitcoin mining is essential to release new BTC in the market. Mining is the only way new bitcoins can be generated -- the very first bitcoins created by the founder of bitcoins "Satoshi Nakamoto". Without miners, bitcoins would still exist and used. Every bitcoin comes in the circulation only because of miners. And there will come a time when mining will end. As per the protocol, there will be a finite amount of bitcoins, and the magic number will be 21million.
How can anyone maximise the chances of mining before anyone else does? Whoever wants to do mining needs to have faster mining rig, or you have to join the mining pool or a group of miners where they combine the mining powers and split the mined bitcoins .
Despite mining, you can earn bitcoins for confirming the transaction at the blockchain. We know that there is the only way to generate new bitcoins is through mining. But chances are minimal for an individual to find the next solution to puzzle. And difficulty going up makes it worse, and miner may never recover their investments. Right now, mining is at the place where we cannot afford to do in person. The best way to do Bitcoin mining is mining pools. Third parties operate cloud mining pools . By doing together, miners will get a steady flow of bitcoins starting the day of the activation of their plan.
If you want to start Bitcoin mining, then the answer right now is to join the Bitcoin mining pool and get the most profit. The main benefit of Bitcoin mining cloud is you don't have to manage any hardware or software yourself. You only have to join the bitcoin cloud mining pool, and you will be assigned mining power with you can start your mining at your home.
There are some other ways without Bitcoin mining such as buy BTC at an exchange, but it is a bit costly. You can also try trading with Cryptocurrency. But the easiest and secure way right now for brings is to join cloud mining pools.
At miningbase you will get free hashing power with no additional charges. You need to join miningbase, and your mining rig will start mining. Mining base support excellent affiliate program with you can earn extra BTC by referring your affiliate links at the social platform.

[Bitcoin]

Mining Bitcoin BTC at Home is NOT PROFITABLE - Network Difficulty Rising Faster Than Bitcoin Price|14:47

[Bitcoin]

Welcome to leading Bitcoin mining pool.
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Real Time Payouts.
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Date BTC Address Plan TXID 9 Minutes ago 0.05687163 1GCQW4zUxwcK1pgRWsmnMvSszi5cbUyuQg Standart 838436fa3cd8283ce50cb0caea69301c2a7c96b3b6c628728d7403828598fb90 9 Minutes ago 0.06671249 3LegHRXnWQ5gYmtiXq77TtLqxerzUbY2WP Standart 66e60749f6e0e6069d8529b19d77a6cf5d1d4672bcd5955d3f62bc9b3b9cde88 9 Minutes ago 0.06867439 16MTToT5nYsfNNqVaTEGTfJeTZt7A4u8pw Standart 87aeb8f72d97ee1c602a1a737fad5b536a92d0a700703fed31040f994af52d05 9 Minutes ago 0.16384955 1DV6hSR7yxNpXwKbxUGyq9A5dqtVqyBg5G Advance 67a773552abbbd3eef08282149c4315f70a04475ae7296deb2d5e337fbe0fb5e 9 Minutes ago 0.01246691 13j89iTzTiL4S4YWFDJLuGJm3bHRjzAeyv Basic 177e6d14dfc7a97566c4deef687972b556d528b4b9ee79409331abd94fd3e28a 9 Minutes ago 0.09165346 172BbeqrVZ8CwvkmpX8sfzaQdsaj23bLtM Advance 50031f4fa75e57cf0940f1faf1d1d4a6630c6798dd2fc0dade3ff3360dddf136 9 Minutes ago 0.01344881 1L5itS46Jqs6Z7EaSJ3PuEKLacSr9SXqjB Basic b33caf8db57cec791c3c59a895376d2d05fa9f111bbb10d2e586dc0b98595fac 9 Minutes ago 0.01000077 37nXgTocaHdSX1sSnZo3KLkqxzdn5Lg8cN Basic 2f87a35052c1f0834abb4257dda02718bfa1da533d5a9383e2e0290be89486dd 9 Minutes ago 0.01120600 1JFajGSJKjhUTC4ZZbB9A1iYkT1jjXD77U Basic c12cbaa97b15731b16c12424e6b2e19aeb6fdaa26fdc3b9a3af25eead18769cd 9 Minutes ago 0.01404800 3E8A2BJSH3qwXAEd9LbE1VrEaF8NNTzt3M Basic 8fb9caefb6005a67ceb8765331bae9836d0d38e9d9916f62127e664512ae0d19 23 Minutes ago 0.02668911 3JjX36t7Ruz466ToKdqcTjpMdeBDh9B45E Standart d4451780112936bec8ac8ecc527658e050caae5f3f4e4143bf03d1c24fa2bd74 23 Minutes ago 0.12899245 16mB7sPh8hihFnP3pG3SYtu27fTj8WDMua Advance 2ea98cbdf43add96c3b559ea1c71233272dd30de9ac05191c99b76f5b74f0f93 23 Minutes ago 0.06000000 113sTt3ofDbEHrrVLPGjVEvb4zv1ykmjXZ Standart dda1f24e58e45991b74a41f7c2f2c70197f992cabd2f4bbdf4cedb0767dce0c7 24 Minutes ago 0.01266900 337PBDsiTvNVuE2SZKTZ6nspXu9ECKVmNr Basic 3a086e51486ec761e6f13a9ea385d755b06f10633b0371a3d196eb8534f5433b 24 Minutes ago 0.00881069 16bYbWqULZV2UUTS2PpLBrh34Lm1gWp63w Basic 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Standart 3de84a092f5abf021bc599c8acaae0c6db876b3ca0a13f6a62a57d72052084a3 32 Minutes ago 0.14700000 3LhpTn4rZAgMLcnV8sTCchVL1hC8iMVZHs Advance 5bfbf773a341eb9bf7dcfb3811ad3379d5c1d18a1adcfb7527e27a8b5e7bc61e 32 Minutes ago 0.01066000 19WYy55spM9mdHxpc5hy3TdzzimPWDvi8Q Basic cf3458057c1c3ad1b5d9bd7fa433b797bb9774f59edc5b08cf6e00d696584c38 32 Minutes ago 0.01213817 1NuSqtJ7MXQGkZqtDiTKuosXT1yNxnCPJ2 Basic 25b1212f4a608d8a28f118ccb1992613254d15d18c718b4e16084811a0d0411e 32 Minutes ago 0.01331707 34S41JY4Gd8w6Y2yTsxe2mq51RqWNGpW36 Basic 1fd87313d30517392b805fa3955a58b46b9081bb5f1ff41064f65a1c506882d1 32 Minutes ago 0.01065700 16awqsaroEKqbJWGSCogBxqt16HWDy3M7h Basic 14d01822c02f8cfdaa5a5989a801d586ce8f3af3d9f1a74d9f754e427a67ab1b 32 Minutes ago 0.00945000 38TVZi5KzDLChn2VDDKDEkSaB43WGMPghh Basic c19a339d2ec331e3f3109ed852521d3d027530bce70ed5ea23f5e0ddb69701da 32 Minutes ago 0.00800286 151xo2az8bt9iZnTU1yZMTXBTw7EDhNkYn Basic fc23785ad5881c026b706f74f8f1fd018cf97ef085a0c881c84a4cc75b4ffed9 38 Minutes ago 0.04428000 1HzhMGH9g4TyuCsYtdW6nuBGDdWVx3GsRZ Standart 22ad0b5ab69378a365ab9023f5b128fdb073ca95e8c21547b159db38bf98c587 38 Minutes ago 0.04898072 1LtmJPWv96EiLJ7LpmmVzGFUt8efkxHQAE Standart b20f54d6b6be973df9b9ff0c947cd8554b235413e1217dd94ae2c0434610ea96 38 Minutes ago 0.02287625 113fndwa9bLNrVdPTnZ7AgYCyJC1cTRZEx Standart 77ba9e15fb822027297bf533b841a629772929290f13c496024259350e19503b 38 Minutes ago 0.05702925 1GVxVZQN12nxuAm9qb5noup8DtxUU2esPY Standart 1545207988210189ff7f1440a90bbca02eec36541ddb172c4464abcf64c34107 38 Minutes ago 0.00811042 1GHdUiiczxkshq7drviNjpt6nRFacjbVXq Basic c9435aaacee472697dcb0ea4dc9c45215239f176b148fa006a7b1e6945737e08 38 Minutes ago 0.00930055 31r7Zq1CYQCU4ph6Xoqx5r6ATtFtB9ktmp Basic c4d27fe4de1dd1654907c5a5c27fc65f36f8f5d83f403ccf41d958431a0a2ea9 38 Minutes ago 0.08021000 38foeXVdUypcPHC7ajbshmhejisKrHrEew Advance dc900272ec2a9313221ceb428a2c89ee8a42fd20b034eac51066dadabd12f7f1 39 Minutes ago 0.01071657 1AdcfW5jsuV8FNHXYBMHitg82jSe2krXZY 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First Bitcoin mining pool Blockseer will censor transactions.
A few weeks ago, DMG Blockchain Solutions announced the creation of a new mining pool. Part of its U.S. subsidiary, Blockseer, the mining pool has been created to meet and "exceed" U.S. government Office of Foreign Assets Control (OFAC) regulations regarding Bitcoin transactions.
Therefore, Blockseer's mining pool will only validate transactions from addresses that are not blacklisted by OFAC and will require its users to go through a Know Your Customer (KYC) process. In this way, DMG seeks to "provide the highest level of transparency, auditability and corporate governance" to the Bitcoin network.
DMG's mining pool will use a company data collection tool called Walletscore. This tool will be used in conjunction with information provided by OFAC to filter out any transactions related to theft, fraud, money laundering, or other illegal activity. DMG CTO Adrian Glover said:
We built the pool on the technology platform that drives our mine management platform, thus creating a unified user experience for our customers, and enabling us to quickly add features to both products. In the near-term future, we will be providing audit ready reports and irrefutable proof of our customers' mining revenue, directly from our user interface. For DMG, the launch of the pool is only the beginning, our team will continue to work hard on adding all of the revenue, cost tracking and projection information that miners look for.
Bitcoin miner migration, less user privacy?
DMG's initiative could follow a trend of reordering mining pools globally. These have a large presence in Asia, specifically in China. However, the Asian giant continues to put pressure on the crypto market and its related activities.
In a recent report, Wu Blockchain claimed that miners in China suffered huge losses after having problems paying their electricity bills. The report states and makes the following prediction:
(...) a large number of bank cards were frozen and even suffered heavy losses.This will accelerate the transfer of cryptocurrency mining from China to the United States, Kazakhstan and other countries.
Wu Blockchain has also been reporting on the attack that the exchanges have suffered and the entities that, in spite of their close relationship with China's Communist Party (CCP) have been affected by the hardening of the measures against cryptocurrencies. In that sense, more mining pools could be encouraged to form US-based mining pools similar to Blockseer's.
Monero's former chief maintainer, Riccardo Spagni, has said it is only a matter of time before "most mining pools are forced to make these filtered transactions". Spagni proposes using solutions such as p2pool centered on Stratum v2 and adding more privacy to Bitcoin.
Hacktrophy co-founder Juraj Bednar believes that governments could take the first step towards censoring Bitcoin by implementing oversight measures for mining pools. Bednar claims that miners have greater incentives to follow regulations than to oppose them because of the heavy investment they make in mining hardware, infrastructure, data centers, and taxes. Therefore, he adds:
If the government comes in and says you can't mine the blocks that spend these UTXOs, or you'll lose either a bank account, exchange account, business permit or go to jail for money laundering, most of the big miners would comply. Blockseer is just a first example.
Bitcoin Hashrate Now : 145.01 EH/s Nov 21, 2020 08:43 AM UTC - 145,009,283,013,485,700,000 H/s.
The current Bitcoin hashrate is 145.01 EH/s, representing the global Bitcoin network hashrate with a mining difficulty of 17.60 T at block height 657,957.
The current Bitcoin hashrate (BTC hashrate) is 145.01 EH/s at block height 657,957 with a difficulty of 17,596,801,059,571.43.

[Bitcoin]

Is Mining Bitcoin Still Profitable in 2020?|16:37

[Bitcoin]

Bitcoin Global Hashrate 145.01 EH/s.
Bitcoin mining revenue soars to pre-halving levels.
Bitcoin investors and traders are not the only ones enjoying the bullish ride in the cryptocurrency market, the miners are equally included. Recent on-chain data shows that Bitcoin mining revenue has returned to the pre-halving levels when the reward for block production was still 12.5 BTC. This shows that increases in the crypto price have driven miners back to the previous level of profitability before May 11.
#Bitcoin miner revenue is back at pre-halving levels.
Bitcoin mining revenue reaches another 2020 ATH.
On Thursday, the crypto on-chain analytics platform, Glassnode, shared the development, saying the Bitcoin mining revenue has surged to the levels not seen since the halving six months ago. A further at the Bitcoin network explorer, Blockchain.com, shows that the miners earned about $21.194 million as of November. This accounts for the transactions fee they earned, including the coinbase block rewards.
For the context, the closest Bitcoin mining revenue to the record today was observed on May 5, where miners earned about $20 million. Therefore, the current reward accounts for the year's highest level. When Bitcoin halved, it was trading at a price of around $9,000. Fast forward to today, the leading cryptocurrency is worth $17.893 on Coinmarketcap, after a yearly high above $18,300.
Got your shiny new ASIC miner? Wondering when it will pay off? If you enter your hash rate below, this page will calculate your expected earnings in both Bitcoins and dollars over various time periods (day, week, and month). It will not attempt to extrapolate difficulty or price changes -- it provides only instantaneous calculations (how much you'd make if all conditions remained as they were right now).
Next difficulty retarget occurs at block 657957.0 (eta 266.0 days): 1.7639868786e+13 / +14.1% [est.]
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Bitcoin#6: Target and Difficulty.
May 4, 2019 · 8 min read.
How to calculate.
Then let's look at the structure of the rest of the headers.
You've probably heard a lot about mining for "solving difficult math problems." When I first encountered the explanation, I tried to find a more accurate explanation and as I learned the principle, I tried to write down the exact principle of operation because it's never difficult but interesting.
'Solving a difficult math problem' is to find a value lower than a certain target value through hash function.
In other words, the target is low if t he difficulty is high, and the target is hight if the difficulty is low . For example, the probability of dice 'being less than 2' is lower than 'being less than 5' which is less difficult. Let's take this principle into consideration and understand it more deeply.
5. Difficulty Bit.
Let's look at the Difficulty and Bits in the picture above. The content involves some mathematical calculations, so you may skip the calculation process after looking at the basic concepts.
First of all, Difficulty indicates the difficulty of mining the block, which is automatically set according to the height of the block. It will be explained later on why the setup is automatic and how it is done.
The Target value that corresponds to the level of difficulty exists, and the Target value is marked as " Bits ". This number is made up of coefficients and index.
We will continue to do mathematical calculations for those who have questions about that number. It would be better to use a hexadecimal calculator to calculate and compare it.
First of all, there will be questions about the relationship between difficulty and the target . The formula in actual code is as follows.
Difficulty = MAX_TARGET / current_target.
MAX_TARGET is the 'first difficulty', which is the level of difficulty set when the Bitcoin blockchain first run, which means the value of '1' and is written as '1d00ffff' in four bytes.
Mining is the process of finding hash values that are lower than the target value," he said. So how are 'current_target', exactly bits , calculated for comparison with hash value?
Take the picture above, for example.
If you convert the 'bits' value of 388618029 to hexadecimal, you will get a value of 0x1729d72d. As I said, Bits are expressed with index and coefficients. The first 1byte is the index, followed by coefficients with 3 bytes. That is, the bits are the index of 0x17 and the coefficient of 0x29d72d. (0x means hexadecimal.)
This results in a form of target value that can be compared with the hash value through the following specific equation.
Target = coefficient * 2 ^ ( 8 * (index -- 3) )
If you substitute that value, 0x29d72d * 2 ^ (0x08 * (0x17-0x03) )
If you convert it into decimal form, it is 2742061 * 2 ^( 8 * (23-3) ) = 4.0075266411612129867925142360828e+54.
Comparable hash values are obtained when converting the values back to hexadecimal.
0x0000 0000 0000 0000 0029 d72d 0000 0000 0000 0000 0000 0000 0000 0000 0000 0000.
And when you look at the actual hash value of Block 538695 here,
0x0000 0000 0000 0000 000d 8b40 25c6 3560 88d7 5a7f 3e68 1841 1bab 2b74 8947 dcda.
which is a target value.
The increase in difficulty can also be seen through other blocks.
The actual target value of the 277316th block is as follows.
0x0000 0000 0000 003A 30C0 0000 0000 0000 0000 0000 0000 0000 0000 0000 0000 0000.
and this has fewer 0's in front compared to the target value of 538695th block which is.
This means that the target value is lower and the ' difficulty ' which is finding a value lower than the target value is higher.
It can be said that the longer the Leading Zeros of a certain length of space, the higher the difficulty. Each time you increase the number of zeros by one bit, the search space is halved. In other words, since there are countless and random based cases that can be produced through a hash, but the higher the difficulty, the smaller the number (the value of the target) has to be found. To paraphrase, it is difficult to 'find items smaller than soccerball' (= high difficulty, low target value) in a room (= 256-bit hash written space) than in a 'find items smaller than a refrigerator" (low level, high target value). It is the same concept as using dice as an example.
The higher the difficulty, the lower the target, and in the end, mining is the process of finding the " current block header hash value ," which is lower than the "target value." Recognizing that 'block header hash' is a hash value and therefore is random , you will find out why mining is difficult and why it is random.
6. Nonce.
For all of these random processes, the only variable is Nonce . It will come easier to understand the word as 'number + once', a number that used once. Nonce starts at zero and increases to countless numbers to find a hash value lower than the price of a target. Eventually, all mining processes are controlled by nonce.
When we look at the structure of the headers, except for the nonce, everything is given. 'Version' and 'Timestamp' are the values of the moment of mining, 'Target' is set automatically, and 'Previous Block Header hash' and 'Merkle Root' is available by a simple calculation.
The miners prepare a body(actually, transactions) for the blocks they want to mine. As soon as the previous block is completed('mined') and delivered by any node, the ('previous') block header hash is calculated and all values of all headers except nonce are prepared. It then attempts to mine by hashing the headers of the current block by changing the nonce value. You might think mining is simple if you just change the nonce, but if you think about the characteristics of a hash function that produces a completely different value, you will know the importance of nonce.
And regardless of the difficulty, even at very high difficulty, you'll see that mining can succeed in very low numbers, such as '2', in just two instances, to find a hash that satisfies lower value than a particular target value. However, if you knew that the probability was very very very very low, you would have understood mining correctly.
So far, we have been able to look at the structure of the block and understand more accurately the principles of mining accordingly.
By understanding the principles of mining, such questions can be added:
Is the difficulty constant all the time? ... then the stronger the hash power, the faster the block can be created and eventually the block can be formed in a second?
With such concerns, Satoshi Nakamoto designed it to automatically adjust the difficulty level. Satoshi Nakamoto thought that "1 block in 10 minutes" should be the right level of difficulty, and the difficulty is adjusted automatically accordingly. It did not say the reason for "10 minutes," but if the blocks were formed in less time, the transaction settlement time would be shorter, but the fork would occur frequently, and if it took longer, the fork would be reduced, but the transaction would take longer to settle before the transaction was put in the block. The appropriate time is set to 10 minutes and the difficulty control method for this is as follows.

[Bitcoin]

How Bitcoin mining actually works - What is the \|14:13

[Bitcoin]

Next Difficulty = current difficulty * 2 weeks / T ( Time in which previous 2016 blocks found)
It adjusts the new difficulty by checking the time from the previous cycle until 2016 blocks are formed, with a cycle of 2016. For example, if it took an average of five minutes per block creation until 2016 blocks were formed, the difficulty would increase, and if it took 15 minutes, the difficulty would decrease. That is, the value of each target is reduced and increased.
The 'Difficulty' in the picture is the difficulty set for the block, which can be verified that the previous block and the following block contain the same difficulty value. This means that the new difficulty level is maintained at the same value until it is adjusted.
CPU/GPU Bitcoin mining.
The least powerful category of Bitcoin mining hardware is your computer itself. Theoretically, you could use your computer's CPU to mine for bitcoins, but in practice, this is so slow by today's standards that there isn't any point.
You can enhance your bitcoin hash rate by adding graphics hardware to your desktop computer. Graphics cards feature graphical processing units (GPUs). These are designed for heavy mathematical lifting so they can calculate all the complex polygons needed in high-end video games. This makes them particularly good at the Secure Hash Algorithm (SHA) hashing mathematics necessary to solve transaction blocks.
One of the nice things about GPUs is that they also leave your options open. Unlike other options discussed later, these units can be used with cryptocurrencies other than bitcoin. Litecoin, for example, uses a different proof of work algorithm to bitcoin, called Scrypt. This has been optimized to be friendly to CPUs and GPUs, making them a good option for GPU miners who want to switch between different currencies.
GPU mining is largely dead these days. Bitcoin mining difficulty has accelerated so much with the release of ASIC mining power that graphics cards can't compete.
FPGA Bitcoin mining.
A Field Programmable Gate Array (FPGA) is an integrated circuit designed to be configured after being built. This enables a mining hardware manufacturer to buy the chips in volume, and then customize them for Bitcoin mining before putting them into their own equipment. Because they are customized for mining, they offer performance improvements over CPUs and GPUs. Single-chip FPGAs have been seen operating at around 750 MH/sec, although that's at the high end. It is of course possible to put more than one chip in a box.
ASIC Bitcoin Miners.
This is where the action's really at. Application Specific Integrated Circuits (ASICs) are specifically designed to do just one thing: mine bitcoins at mind-crushing speeds, with relatively low power consumption. Because these chips have to be designed specifically for that task and then fabricated, they are expensive and time-consuming to produce - but the speeds are stunning. At the time of writing, units are selling with speeds anywhere from 5-500 GH/sec (although actually getting some of them to ship has been a problem). Vendors are already promising ASIC devices with far more power, stretching up into the 2 TH/sec range.
Before making your purchase, calculate the projected profitability of your miner, using mining profitability calculators online like this one. You can input parameters such as equipment cost, hash rate, power consumption, and the current bitcoin price to see how long it will take to pay back your investment.
One of the other key parameters here is network difficulty. This metric determines how hard it is to solve transaction blocks, and it varies according to the network hash rate. Difficulty is likely to increase substantially as ASIC devices come on the market, so it might be worth increasing this metric in the calculator to see what your return on investment will be like as more people join the game.
Once you have chosen your hardware, you'll need to do several other things. Depending on which equipment you choose, you will need to run software to make use of it. Typically when using GPUs and FPGAs, you will need a host computer running two things: the standard bitcoin client, and the mining software.
The standard bitcoin client connects your computer to the network and enables it to interact with the bitcoin clients, forwarding transactions and keeping track of the block chain. It will take some time for it to download the entire bitcoin block chain so that it can begin. The bitcoin client effectively relays information between your miner and the bitcoin network.
The Bitcoin mining software is what instructs the hardware to do the hard work, passing through transaction blocks for it to solve. There are a variety of these available, depending on your operating system. They are available for Windows, Mac OS X, and others.
You may well need mining software for your ASIC miner, too, although some newer models promise to ship with everything pre-configured, including a bitcoin address, so that all you need to do is plug it in the wall.
One smart developer even produced a mining operating system designed to run on the Raspberry Pi, a low-cost credit card-sized Linux computer designed to consume very small amounts of power. This could be used to power a USB-connected ASIC miner.
Now, you're all set up. Good for you. But you will stand little chance of success mining bitcoins unless you work with other people, by joining a Bitcoin mining pool for example.
Nowadays, the Bitcoin mining industry primarily operates on a pool level rather than on an individual level. Some of the biggest bitcoin miners in the world are F2Pool, Poolin, Slush Pool and AntPool.

[Bitcoin]

What Do YOU Need to MINE ONE BITCOIN In 2020?!|13:38

[Bitcoin]

How To Build A Bitcoin Miner From Scratch.
Bitcoin mining Hardware: Pc Build Guide For A Cryptocurrency Rig | Pc Gamer.
The right mining hardware is just part of the story. If you're serious about mining Bitcoin or other cryptocurrencies, check out our guide to what you need to know cryptocurrency mining . Cryptocurrency mining has driven up GPU prices and is hurting gamers . But if you're dead set on spelunking into the cryptocurrency mines, you might as well know what you're getting into. To be clear, we don't encourage this. But if you really want to start mining Bitcoin or Ethereum or another cryptocurrency, don't be too intimidated: if you've built a rig before, putting together a cryptocurrency mining PC is an easy weekend project that will let you learn how blockchain technology works, the limits of at-home hashing, and the real costs involved, some of which are hidden. You should also be aware of the risks. Cryptocurrency is volatile, and there's no guarantee you'll make back the money you spend on your hardware as quickly as you expect. You could even lose it altogether. And keep in mind that every GPU sent into the mines is one more that could have spent its life pushing pixels in PUBG. Financial philosophy aside, the hardware part of the bitcoin equation is simple. Despite their well-earned reputation for gobbling up GPUs, the rest of a mining rigs layout is very lean. You wont need a high-powered CPU, fancy motherboard, exotic DRAM, or even the Windows OS to bring it all together. In fact, other than a few odds and ends, you may already have most of the parts sitting in a garage or closetleftovers from previous gaming rig upgrades. Heres a quick overview of what you need, and why. A simple frame is all you need to house your mining rig, so wait for a sale or try DIY before spending hundreds of dollars on a 21st century pan and pickaxe. Mining rigs start with a rudimentary op Continue reading >>
Beginner's Guide To Mining Bitcoins.
Last updated on October 13th, 2017 at 10:56 pm One of the biggest problems I ran into when I was looking to start mining Bitcoin for investment and profit was most of the sites were written for the advanced user. I am not a professional coder, I have no experience with Ubuntu, Linux and minimal experience with Mac. So, this is for the individual or group that wants to get started the easy way. Bitcoin mining is a very competitive niche to get into. As more and more miners come on board with the latest mining hardware the difficulty to mine increases each day. Before even starting out with Bitcoin mining you need to do your due diligence. This means you need to find out if Bitcoin mining is even profitable for you . The best way to do this is through the use of a Bitcoin mining calculator . Just enter the data of the Bitcoin miner you are planning on buying and see how long it will take you to break even or make a profit. However, I can tell you from the get go that if you dont have a few hundred dollars to spare you probably wont be able to mine any Bitcoins. Once youve finished with your calculations its time to get yourminer. Make sure to go over our different Bitcoin mining hardware reviews to understand which miner is best for you. Today, the Antminer S9 is the newest and most powerful miner. As a side note its important to state that in the past it was possible to mine Bitcoins with your computer or with a graphics card (also known as GPU mining). Today however, the mining niche has become so competitive that youll need to use ASIC miners special computers built strictly for mining Bitcoins. First thing you need to do is get a Bitcoin Wallet . Because Bitcoin is an internet based currency, you need a place to keep your Bitcoins.Once you have a wallet make sure to Continue reading >>
How To Build A Bitcoin Miner Or Just Buy One.
How to build a Bitcoin Miner or just buy one. Once you get hooked on Bitcoin mining you then will be asking yourself "DO I go further and get better equipment? ". Having tried the Bitcoin mining and found it to your liking as with anything else you start thinking what else can I use, how can I improve what I have or do I go all out and build or buy a specialized miner? Some research is warranted here to find out what it is that is will make your experience and productivity better. If your computer is an average built computer then most likely you have a normal CPU and one video card. If you have an AMD CPU then you can improve the PC with Video cards that are better suited at mining.. These seem to be AMD based video cards and different models are better then others. If your really smitten by the bitcoin bug then you can actually buy a specialized bitcoin miner If your motherboard supports multiple video cards then you could invest in several of the previously mentioned cards and run your miner with 3 or even four cards. As long as the CPU is an AMD CPU you will be ok to keep your current setup. If you really want to specialize then you can purchase a video card designed specifically for Bitcoin mining. The card hasn't been released yet but once it is you'll have the option of getting a video card specific for Bitcoin mining. For the really advanced and completely hooked there are the special built Asic mining machines, these are special built computers that are designed and built completely for Bitcoin mining and while some can be inexpensive others can be costly. You would have to decide what you want to invest in mining equipment. The crazies. There are those that will go all out and put together by themselves outrageously built set ups that just leave you shaking y Continue reading >>

[Bitcoin]

Blockchain Expert Explains One Concept in 5 Levels of Difficulty - WIRED|17:50

[Bitcoin]

Litecoin 101: How To Build Your Own Mining Rigs.
Litecoin 101: How To Build Your Own Mining Rigs UPDATE 3: Nvidia has changed the game , so a new guide is in progress. Were still not even sure who created Bitcoin, the first cryptocurrency to go mainstream. Its value is erratic, swinging dramatically up and down within weeks. We dont know who will adopt or condemn it next, but one thing is certain: This new form of decentralized currency is resilient, and you can mine it, trade it, and sell it using nothing more than off-the-shelf PC parts geared toward gamers. Former Google employee Charlie Lee, Litecoins creator, refers to it as silver to Bitcoins gold. His intent was to improve on Bitcoin and, in the process, make it more accessible and obtainable. Indeed, Litecoin can be mined by off-the-shelf PC components typically snatched up by gamers. The Forbes E-book On Bitcoin Secret Money: Living on Bitcoin in the Real World, by Forbes staff writer Kashmir Hill, can be bought in Bitcoin or legal tender. But if youve been drawn in by the headline, youre not here for a history lesson. Youre here to jump into the Litecoin mining pool. With that in mind, Im going to present two distinct PC builds focused exclusively on Litecoin mining and explain some of the basic requirements and best practices along the way. First, let me qualify myself: Ive been mining 24/7 for the past two weeks; not long, but obsessively. Ive scoured dozens of forums and Reddit threads for answers and engaged in a lot of trial and error. Ive successfully turned what I instinctively viewed as funny money that existed in an encrypted digital Litecoin wallet into actual $USD deposited into my checking account. If its impossible to wrap your head around that, youre not alone! Next, Im going to caution you: Like playing the stock market or investing in genera Continue reading >>
An Idiots Guide To Building An Ethereum Mining Rig.
An Idiots Guide to Building an Ethereum Mining Rig In March, the price of an Ether cryptocurrency token rose to an all-time high of around $25. This was good news for investors in Ethereumthe blockchain-based distributed computing platform that uses Ether as its currencywho had watched the cryptocurrency's price stagnate at under $10 since its launch in July 2015. But it also had another profound effect on shaping the network: For the first time ever, it was truly profitable to mine Ether. I had been entertaining the idea of building an Ethereum mining rig for months and the price surge in May made it seem like as good a time as any to begin the process. So I sold some of my Ether, bought some computer hardware, and set to work learning about building PCs and the art of Linux. But before I dive into the unnecessarily painful process of setting up an Ethereum mining rig as a complete n00b, let's brush up on some Ethereum basics. Mining is the term used to describe the process of extracting cryptocurrency tokens from a blockchain network. In the case of Ethereum, this involves having computers continuously run a hashing algorithm, which takes an arbitrarily large amount of information and condenses it to a string of letters and numbers of a fixed length. The hashing algorithm used by Ethereum called ethashhashes metadata from the most recent block using something called a nonce: a binary number that produces a unique hash value. For each new block in the blockchain, the network sets a target hash value and all the miners on the network try to guess the nonce that will result in that value. Due to the way cryptographic hashing works, trying to guess the nonce that will result in the target value is practically impossible. This means that the only way of finding the correc Continue reading >>
Note: Our guide on Bitcoin mining has been fully updated. This feature was first published in November 2015. Mining is the process of using a computer to perform complex calculations on blocks of data which maintain the Bitcoin network. Miners are rewarded for their efforts with a certain amount of Bitcoins . Bitcoin (BTC) is fast becoming the province of people using specialized ASIC (application-specific integrated circuit) devices, although if you have one or more powerful graphics cards you may still be able to generate a small profit by assembling your own mining device. You'll learn more about this in the following steps. The actual profit you make will depend on a number of factors. The first is your 'hash rate' in other words, the actual processing power of your machine. Computers designed for mining, or 'rigs' as they're commonly known, require large amounts of electricity, which will increase running costs. The complexity of mining also rises over time. The Bitcoin itself is a very volatile virtual currency and while it has recently made huge gains, it may also plummet in value. Bear this in mind if you plan to hold onto any BTC you mine rather than selling immediately. If you want a rough idea of how much you can make from mining, use one of the many online profitability calculators (for example, the one at 99 Bitcoins ). While you can technically try to mine Bitcoin on your own, it's very unlikely that your rig will singlehandedly solve the complex sums necessary to receive a reward. Instead, you'll need to join a mining pool. As the name suggests, this is a pool of multiple machines connected together, engaged in a collaborative mining effort. The Bitcoin rewards reaped are shared amongst everyone who contributed processing power to the effort. However, no Continue reading >>
How To Set Up A Bitcoin Miner - Coindesk.
There are three main categories of Bitcoin mining hardware, each more expensive and more powerful than the last. This guide to setting up a bitcoin miner explains each of them, and talks about how to make them work. By this stage, you will understand how bitcoin works , and what mining means. But we need to get from theory to practice. How can you set up a Bitcoin mining hardware and start generating some digital cash? The first thing you're going to need to do is decide on your hardware, and there are two main things to think about when choosing it: This is the number of calculations that your hardware can perform every second as it tries to crack the mathematical problem we described in our mining section. Hash rates are measured in megahashes, gigahashes, and terahashes per second (MH/sec, GH/sec, and TH/sec. The higher your hash rate (compared to the current average hash rate), the more likely you are to solve a transaction block. The bitcoin wikis mining hardware comparison page is a good place to go for rough information on hash rates for different hardware. All this computing power chews up electricity, and that costs money. It's worth looking at your hardware's energy consumption in watts, when making your choice. You want to make sure that you don't end up spending all of your money on electricity to mine coins that won't be worth what you paid. Use these two factors to work out how many hashes youre getting for every watt of electricity that you use. To do this, divide the hash count by the number of watts. For example, if you have a 500 GH/sec device, and its taking 400 watts of power, then youre getting 1.25 GH/sec per watt. You can check your power bill or use an electricity price calculator online to find out how much that means in hard cash. However, the Continue reading >>